Five Duties Of A Trust’s Trustee

Build your estate plan online! MyAdvocate is the online solution for creating and maintaining your Will and all other legally-valid estate planning documents. Click the link below to get started! https://www.myadvocate.com/join/paul -- A trustee of a trustee often takes certain actions, and beneficiaries of the trust wonder whether that action falls outside the range of duties that a trustee has toward the beneficiaries. Many trust instruments specifically describe the duties of a trustee. And to the extent a particular trustee duty is not defined in the trust instrument, state trust law may define that duty. It is important to note that provisions of trusts that limit a trustee's duty of loyalty to the beneficiary are ineffective. Trustees of trusts have certain defined duties regarding loans from trusts, sales by a trustee to or from himself, trustee annual accounting to beneficiaries, the requirement of trustees to furnish information, and the fact that trustees are bound to act as a prudent administrator. For prospective law firm clients who want to schedule a free 15 minute initial phone call with Paul Rabalais, go to: https://go.oncehub.com/Paul8 This post is for informational purposes only and does not provide legal advice. Please do not act or refrain from acting based on anything you read on this site. Using this site or communicating with Rabalais Estate Planning, LLC, through this site does not form an attorney/client relationship. Paul Rabalais Estate Planning Attorney